Tata Motors (TTM) Set to Announce Earnings on Monday

Tata Motors (NYSE:TTM) is set to announce its earnings results before the market opens on Monday, May 20th. Analysts expect the company to announce earnings of $0.41 per share for the quarter.

TTM opened at $12.40 on Friday. The firm has a market cap of $8.57 billion, a price-to-earnings ratio of 5.28, a PEG ratio of -2.75 and a beta of 1.61. Tata Motors has a 52 week low of $10.29 and a 52 week high of $23.57. The company has a current ratio of 0.92, a quick ratio of 0.55 and a debt-to-equity ratio of 0.75.

Several research analysts have commented on TTM shares. Zacks Investment Research upgraded Tata Motors from a “sell” rating to a “hold” rating in a report on Saturday, January 19th. Bank of America downgraded Tata Motors from a “buy” rating to a “neutral” rating in a report on Friday, February 8th. Nomura restated a “neutral” rating on shares of Tata Motors in a report on Friday, February 8th. Finally, Deutsche Bank restated a “hold” rating on shares of Tata Motors in a report on Tuesday, March 26th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. Tata Motors has an average rating of “Hold” and a consensus price target of $17.00.

An institutional investor recently bought a new position in Tata Motors stock. Geode Capital Management LLC bought a new stake in shares of Tata Motors Limited (NYSE:TTM) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 19,488 shares of the company’s stock, valued at approximately $236,000. 7.51% of the stock is currently owned by institutional investors.

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Tata Motors Company Profile

Tata Motors Limited designs, manufactures, and sells a range of automotive vehicles. It operates through Automotive Operations and All Other Operations segments. The company offers cars, sports vehicles, trucks, buses, and defence vehicles, as well as related spare parts and accessories. It also manufactures engines for industrial and marine applications; aggregates, such as axles and transmissions for commercial vehicles; and factory automation equipment.

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Earnings History for Tata Motors (NYSE:TTM)

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